Measurement Specialties (MEAS) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS
Measurement Specialties (NASDAQ:MEAS) posted its quarterly earnings results on Wednesday. The company reported $0.55 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.06, Analyst Ratings Net reports. The company had revenue of $114.13 million for the quarter, compared to the consensus estimate of $114.85 million. During the same quarter last year, the company posted $0.55 earnings per share. Measurement Specialties’s revenue was up 13.6% compared to the same quarter last year.
Shares of Measurement Specialties (NASDAQ:MEAS) traded up 0.01% during mid-day trading on Wednesday, hitting $86.01. The stock had a trading volume of 92,628 shares. Measurement Specialties has a 1-year low of $45.34 and a 1-year high of $86.55. The stock has a 50-day moving average of $85.45 and a 200-day moving average of $69.30. The company has a market cap of $1.371 billion and a price-to-earnings ratio of 38.05.
MEAS has been the subject of a number of recent research reports. Analysts at CJS Securities downgraded shares of Measurement Specialties from a “market outperform” rating to a “market perform” rating in a research note on Monday, June 23rd. They now have a $86.00 price target on the stock, up previously from $80.00. On a related note, analysts at Needham & Company LLC downgraded shares of Measurement Specialties from a “buy” rating to a “hold” rating in a research note on Thursday, June 19th. Finally, analysts at Needham & Company LLC raised their price target on shares of Measurement Specialties from $70.00 to $75.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock.
Measurement Specialties, Inc is engaged in the design, development and manufacture of sensors and sensor-based systems for original equipment manufacturers (NASDAQ:MEAS) and end users, based on a range of technology and characterized by the MEAS brand name.
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